Mn Services Vermogensbeheer B.V. Sells 64,500 Shares of The Procter & Gamble Company (NYSE:PG)

Mn Services Vermogensbeheer B.V. reduced its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 866,427 shares of the company's stock after selling 64,500 shares during the period. Procter & Gamble makes up 1.1% of Mn Services Vermogensbeheer B.V.'s portfolio, making the stock its 15th biggest position. Mn Services Vermogensbeheer B.V.'s holdings in Procter & Gamble were worth $147,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lakeridge Wealth Management LLC increased its holdings in Procter & Gamble by 0.6% during the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock worth $1,812,000 after purchasing an additional 60 shares in the last quarter. Unique Wealth LLC boosted its position in shares of Procter & Gamble by 2.9% during the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after buying an additional 61 shares during the period. Bernard Wealth Management Corp. grew its holdings in shares of Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares in the last quarter. Kolinsky Wealth Management LLC raised its position in Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after buying an additional 64 shares during the last quarter. Finally, Retirement Planning Group LLC lifted its stake in Procter & Gamble by 1.4% in the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock valued at $789,000 after acquiring an additional 64 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PG has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Truist Financial reduced their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Raymond James lowered their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $178.86.

Procter & Gamble Price Performance

NYSE:PG traded up $0.51 during trading hours on Monday, reaching $160.79. 6,329,148 shares of the company were exchanged, compared to its average volume of 7,377,763. The business has a 50 day moving average of $163.75 and a 200 day moving average of $166.64. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a market capitalization of $376.99 billion, a P/E ratio of 25.60, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. Research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is 66.98%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.